Detroit Innovate

Detroit Innovate is a seed stage investment fund that looks to invest in high-growth companies in the Detroit Region. The fund assists emerging companies commercializing enabling technologies in the healthcare, transportation, advanced manufacturing and resource efficiency sectors. Detroit Innovate makes initial investments of $50K to $500K. To date, the fun has invested in more than 60 early stage companies which have leveraged more than $85M of additional investment. Detroit Innovate is part of Invest Detroit's family of funds and serves as a successor to the First Step Fund. Detroit Innovate plans to invest at least $250K, in increments of $50K as companies hit development milestones.